Short Take: Deregulation slashes Hong Kong call prices

Hong Kong Telecom has slashed international call rates in the wake of that country's phone deregulation on January 1. The former monopoly, which is a division of Britain's Cable & Wireless, cut prices for calls to its biggest markets by up to 30 percent. The move comes as a host of small competitors have begin to offer their own low-cost services.

Hong Kong Telecom has slashed international call rates in the wake of that country's phone deregulation on January 1. The former monopoly, which is a division of Britain's Cable & Wireless, cut prices for calls to its biggest markets by up to 30 percent. The move comes as a host of small competitors have begin to offer their own low-cost services.